403(b) Plan Vendor Transparency

Since 1946, Texas Association of School Business Officials (TASBO) has set the standard for professional conduct and expertise in school business. We maintain a high standard for ethical conduct while continuing to evaluate the direction of the organization and the profession. Using our core values and purpose as a guide, we seek a bright future for schools and our members.

House Bill 2820, passed by the 86th Session of the Texas legislature, removed the Teacher Retirement System (TRS) oversight of eligible qualified 403(b) investment products.

Under Texas law and the provisions of the Vernon Statute, public schools are required to allow employees to :

  • Invest with companies licensed by the Texas Department of Insurance;
  • Meet minimum capital and surplus requirements; and,
  • Have experience providing qualified investment products.

With the elimination of the TRS oversight, districts no longer have a place to direct employees for information regarding a 403(b) retirement savings account.

TASBO, with more than 7,300 members and 1,100 member districts, is THE trusted resource for school finance and operations. As such, we have embarked upon a transparency project for 403(b) vendors to voluntarily participate in a program that will provide basic information about 403(b) retirement savings providers and investment products that are available to employees of Texas public schools.

403(b) Results

 

ProviderWebsitePhone NumberFile Downloads
AIG Retirement Serviceswww.AIG.com1(800) 428-2542Download Questionnaire
Download Fact Sheet
American Century Services, LLC www.americancentury.com(800) 345-3533Download Questionnaire
Download Fact Sheet
Ameriprise Financialwww.ameriprise.com(800) 862-7919Download Questionnaire
Download Fact Sheet
Aspirewww.aspire.com1(866) 634-5873Download Questionnaire
Download Fact Sheet
Equitable Financial Life Insurance Company

www.equitable.com(216) 978-4489Download Questionnaire
Download Fact Sheet
FPS Group LLCwww.FPS.com(888) 505-3759 Download Questionnaire
Download Fact Sheet
Franklin Templetonwww.franklintempleton.com(800) 527-2020 Download Questionnaire
Download Fact Sheet
GWN Securities, Inc.www.GWN.com(561) 472-2700 Download Questionnaire
Download Fact Sheet
Horace Mannwww.horacemann.com1(800) 999-1030 Download Questionnaire
Download Fact Sheet
Life Insurance Company of the Southwest dba National Life Groupwww.nationallife.com(214) 722-9028 Download Questionnaire
Download Fact Sheet
Lincoln Investmentwww.lincoln.com(800) 242-1421 Download Questionnaire
Download Fact Sheet
Metropolitan Life Insurance Companywww.metlife.com(908) 253-1504 Download Questionnaire
Download Fact Sheet
Modern Woodmen of Americawww.modernwoodmen.com(800) 447-9811 Download Questionnaire
Download Fact Sheet
New York Life Insurance and Annuity Corporationwww.newyorklife.com(800) 225-5695Download Questionnaire
Download Fact Sheet
PenServ Plan Services, Inc.www.penserv.com(803) 354-5084 Download Questionnaire
Download Fact Sheet
Pentegra Trust Companywww.pentegra.com(914) 821-9580 Download Questionnaire
Download Fact Sheet
PFS Investments, Inc.www.primerica.com(800) 544-5445 Download Questionnaire
Download Fact Sheet
PlanMember Securities Corporationwww.planmember.com(800) 874-6910
Download Questionnaire
Download Fact Sheet
TCG Administratorswww.financialpathway.com(800) 943-9179 Download Questionnaire
Download Fact Sheet
The Vanguard Groupwww.vanguard.com(800) 569-4903 Download Questionnaire
Download Fact Sheet
Thrivent Financialwww.thrivent.com(800) 847-4836 Download Questionnaire
Download Fact Sheet

Tools and Resources

For Vendors

Want to be added to this list? Use the link below to complete your questionnaire.
 

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